Referred to the House Committee on Ways and Means.
This bill permanently extends the federal tax deduction for mortgage insurance premiums by amending Section 163(h)(3)(E) of the Internal Revenue Code to remove the provision that caused the deduction to expire. The change applies to amounts paid or accrued after December 31, 2024.
Liberals stress equity and targeting; conservatives stress pro-homeownership benefits.
Relative to its intended legislative type, this bill is a narrowly scoped, precisely drafted amendment to the Internal Revenue Code that makes a temporary mortgage insurance premium deduction permanent by striking a specific clause and providing an effective date.
This bill permanently extends the federal tax deduction for mortgage insurance premiums by amending Section 163(h)(3)(E) of the Internal Revenue Code to remove the provision that caused the deduction to expire.
The change applies to amounts paid or accrued after December 31, 2024.
No other changes to the Code are included in the bill text.
Technically simple and popular with homeowners but fiscal cost, lack of offsets, and Senate hurdles reduce chances unless bundled in a larger deal.
Relative to its intended legislative type, this bill is a narrowly scoped, precisely drafted amendment to the Internal Revenue Code that makes a temporary mortgage insurance premium deduction permanent by striking a specific clause and providing an effective date.
Liberals stress equity and targeting; conservatives stress pro-homeownership benefits.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals stress equity and targeting; conservatives stress pro-homeownership benefits.
Likely cautiously supportive about improving housing affordability for buyers with small down payments, but concerned about equity and fiscal trade-offs.
They would note the deduction helps aspiring homeowners but question whether it is the best-targeted tool for low-income households.
Pragmatic and mixed: appreciates stabilizing a tax provision for homeowners, but worries about cost and fiscal responsibility without offsets.
Would seek evidence of net benefit and distribution before full endorsement.
Generally favorable because it permanently supports homeownership and reduces tax uncertainty.
Some fiscal conservatives may object to lost revenue, but mainstream conservatives usually view homeowner tax benefits positively.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technically simple and popular with homeowners but fiscal cost, lack of offsets, and Senate hurdles reduce chances unless bundled in a larger deal.
The bill has not accumulated any surfaced votes yet.
Liberals stress equity and targeting; conservatives stress pro-homeownership benefits.
Technically simple and popular with homeowners but fiscal cost, lack of offsets, and Senate hurdles reduce chances unless bundled in a larg…
Relative to its intended legislative type, this bill is a narrowly scoped, precisely drafted amendment to the Internal Revenue Code that makes a temporary mortgage insurance premium deduction permanent by striking a spe…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.